not sure on the structures of each loan, however one was to prop...

not sure on the structures of each loan, however one was to prop up a failing electric car company which is a waste of $ as it won’t stand on its own feet and the other meets the needs of the administration to produce critical resource locally (which was all part of the full written announcement the White House published). they worded it that way to cover coal, gas, and oil, but it will also include any critical mineral. If it was just a lithium production there would be concern (as there are a lot of other options in the US for lith and direct extraction is starting to come online that the government won’t need to pay for to meet its demands), however INR has boron also… its the boron that makes it both a safer chance of passing any review by the administration and makes it much more economically viable allowing it to survive any market downturn in demand for lithium. It’s also why INRs commentary on boron’s uses has moved from “solar pannel glass” to “defence applications like high strength/hardened steels and high temp steels used in rockets” I think an example he used was also bullet proof vests…. This is not by chance, but in reality it’s still needed for a lot of production the US has (and the lithium from INR will be mostly used in PHEV not really EVs when you track who the current off-take agreements are with and how the auto market in general will trend towards. Expecting the trend in increased demand for PHEVs to continue for some time.